David Packard, co-founder of Hewlett-Packard, was among the first executives to embrace the power of purpose.

Back in 1960, talking to HP’s training group, he said: “I want to discuss why a company exists in the first place,” he began.

“In other words, why are we here? I think many people assume, wrongly, that a company exists simply to make money. While this is an important result of a … continue reading

1: Selecting the right people and putting them in the right roles is just the beginning of the CEO’s role in managing talent.

The best CEOs, write McKinsey consultants Carolyn Dewar, Scott Keller, and Vikram Malhotra in their book CEO Excellence, make a considerable investment of time and energy “into coaching, retaining talent, managing performance, and planning for succession for the most valuable roles.”

These leaders become … continue reading